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Stock Market & Financial Investment News

News Breaks
January 8, 2013
05:55 EDTGRMN, GRMN, ATML, ATML, MXIM, MXIM, MU, MU, STX, STXCleveland Research to host investor meetings
Cleveland Investor Meetings at CES is being held in Las Vegas on January 8-9 starting with a dinner meeting with Garmin on January 8.
News For GRMN;ATML;MXIM;MU;STX From The Last 14 Days
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December 19, 2014
11:54 EDTMUMicron January volatility elevated at 46 into Q1 and outlook
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10:17 EDTMXIM, ATMLOn The Fly: Analyst Downgrade Summary
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07:57 EDTMUMicron January volatility elevated at 46 into Q1 and outlook
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07:43 EDTATMLAtmel downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Atmel to Underperform based on valuation and inconsistent execution. Price target remains $8.
07:43 EDTMXIMMaxim Integrated downgraded to Underperform from Neutral at BofA/Merrill
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07:42 EDTMUEPAM, WisdomTree added to Franchise Pick list at Jefferies
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06:35 EDTMXIMMaxim Integrated downgraded to Neutral from Buy at Goldman
Goldman downgraded Maxim Integrated to Neutral based on headwinds from the consumer segment. The firm notes the company is actively trying to diversify its customer base and end market exposure and sadi capital allocation provides a floor. Price target remains $31.
December 18, 2014
10:01 EDTATMLOn The Fly: Analyst Initiation Summary
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08:45 EDTATMLAtmel initiated with an Equal Weight at Stephens
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06:24 EDTMXIMMaxim Integrated downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Maxim Integrated to Neutral after assuming coverage of the stock citing the company's dependence on its largest customer, Samsung. Citi notes Samsung is having problems with its cell phone business. It lowered its price target for Maxim shares to $30 from $33.
December 17, 2014
10:14 EDTSTXHP best way to play coming PC sales outperformance, Citi says
Sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017, Citigroup wrote in a note to investors today. The firm identified HP (HPQ) as the best way to play better than expected PC sales. WHAT'S NEW: Although many believe that PCs will become extinct, there are several reasons why sales of personal computers will begin growing again, Citi analyst Jim Suva contended. Sales of commercial PCs in emerging markets should increase over the long-term, as those PCs are aging, according to Suva. He estimated that commercial PCs in emerging markets account for 27% of the total PC market. Meanwhile, tablets were supposed to replace PCs, but tablet sales growth slowed to just 8% this year, indicating that tablets are becoming less of a threat to PCs, he wrote. Additionally, some believe that PC demand was inflated by a rush to replace computers running Microsoft's (MSFT) Windows XP operating system this year after the company stopped supporting XP, but Suva believe that PC demand growth in 2014 was more driven by a need to buy new computers following a lull in growth in 2012-2013 than by the XP situation. As a result, the analyst estimates that the XP phenomenon will only reduce next year's PC growth by 1%, versus the 3%+ reduction that investors fear. HP is the best way to play the PC rebound, wrote Suva, who raised his price target on the company's shares to $46 from $40 and kept a Buy rating on the stock. WHAT'S NOTABLE: Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. PRICE ACTION: In early trading, Hewlett-Packard gained 2.7% to $38.32, Western Digital rose 1.7% to $106.30, and Seagate climbed 1% to $63.89.
06:25 EDTSTXWestern Digital price target raised to $125 from $110 at Citigroup
Citigroup raised its price target for Western Digital (WDC) shares to $125 on expectations PCs will return to positive growth in 2016-2017. Citi believes Western Digital will benefit if its thesis on PCs proves correct. It also raised its price target for Seagate (STX) shares to $74 from $70. Citi keeps a Buy rating on both stocks.
December 14, 2014
17:21 EDTMXIMNasdaq announces annual re-ranking of the NASDAQ-100
The NASDAQ OMX Group (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 (NDX), which will become effective prior to market open on Monday, December 22. The following three companies will be added to the Index: American Airlines Group (AAL), Electronic Arts (EA) and Lam Research (LRCX). As a result of the revision in the index methodology allowing multiple share classes of index participants to be included in the index, the following three securities will also be added to the index: Comcast Corporation Class A Special (CMCSK), Twenty-First Century Fox Class B (FOX) and Liberty Global plc Class C (LBTYK). As a result of the re-ranking, the following three companies will be removed from the Index: Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM).
December 12, 2014
06:13 EDTMUMicron in talks to revise supply agreement with Inotera, DigiTimes reports
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December 10, 2014
08:16 EDTMXIMBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
December 9, 2014
07:41 EDTSTX, ATMLBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link
06:25 EDTMUMicron attempt to renegotiate supply agreement with Inotera, DigiTimes says
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December 8, 2014
07:36 EDTMUMicron December volatility of 31 at low end of historic range
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07:32 EDTMXIMRaymond James to hold a conference
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07:28 EDTSTXFBN Securities to hold a bus tour
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